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Home My WebLink About2012 . ~ To pt~c~ ~~d ca.~~nuo~?I~r lc~p on ~M !w~'d~np~ ~ow a M~e~l~~. ?~~v~N on ?~~d la~d w+d on ~11 ~Q.,+pmM~ ~nd pNSOnally cov~~~d bY Mi~ ~a p~, w~~A ~11 pem~~mi ~hereon pad ~n Iuii, lue ~n~~rs~c• w+ ~?w ~wd aad~rd po!K~ iai*. in a~wn •NVrowd b~ ~M MOR~GAGEE. ~~d w~ndNo ~nwr«+c~ ~ d» uwal aar.d.~d pW~cy lam, ~n • sum ~~pro.ed by ~M MORTGAGEE. ~n wd+ ca.~pany a comp+nNS a tM MORiGAGEf +a du~clj ~+d ~11 1'a• Md w.nd~ar~n i~wr~nu po1K~e~ on ~ny ol sa~d buiWr+pf, a+y M+1e~~~t ~ht.tu+ a pNt Il+aeof, in tM pp~eya~~ ~w* ~fatN~d in ~aa~s ~Ae.eof, shall contaw+ ~h~ usual ~andard ma~p+~e ciaus~ w~uch o~hN Nws~ ~t tM MatypN ~uy rpv~~. mdi~p tM Ioa w+da ?~~d Po cMt. each ~nd wNy. P+rab~~ ~o ~~d MORIGAGEE as n~ lroere~~ ~ruy app~a~. and eacl~ a~d ~vNy ~vcA pof~cy ~MII b~ p~anpH~ qned ~+d d~Gve~~d ' - ~ny h~ld by ia~d MORIGAGEE ~s (u~~he. ucur~ey ~o u~d mwty~g~ debt, ~++d. ~at Ita tMe ~M U01 d~ys in adwnco of tlw ~apupion oi ~~ch po1Ky. ~o d~ IivN ro uid N10RTGAGEE • renewal Ihercof. IopHher wi~h a aec~~pt for 1M pt~miw~ oi tuth ren~wal; and IMr~ ~hall t» no iK• ~ wind~to~m inW.aK pl~c~d on ~ny of w~d build~~+gs. .~+y inrc+es~ thcr~~~ w par~ thereof, ~nkss i~ t!~ fwm ~nd with tl+~ loss pay~bl~ a~ afa~wid: a+d in the ~v~nl ~ny sun of re~oney becane~ p+y+b~e unde~ ~uch policy w Pc~Ki~s s~id MORTGAGEE shall h~w ~M op~~on to ~eceiv~ ~nd apply tl» wr~ on ~ccoun~ of t1w ind~bted _ rwu secur~d hs~eby a ~o permil sa~d MORTGAGORS ~o receiw ~nd us~ i1 or •ny pa~t thereof tor o:ncr pu.~wses, w~~ho.,t th:reor wai~i~y o~ nnp+ir iny any pwty, lien a righ~ w~der a by vi~tw of ~his mo:s~apt; and in tM ~vent sa~d MORTGAGORS shall for any ~wwe? fail ro keep tM ia~d prem~ses so iniwed. w(~il b deliwr promptly +nY of Wid polKies of insura~c~ to said MOR1CsAGEE, a fail p+omptly to pay fulty ~ny p?e~nium thereto~ w i~ any respect f~il b pa.twm, discharge. execute, ef(ect, complete, comply wirh and abide by this covenant, w~ny ps.t h~reol. a~d MORTGAGEE may p~+c~ u+d paY for such irouranc~ or •~~y par~ thereof without w+iviop or affedinp ~nY option, li~n, pvity. w r~gh~ unde~ or by virtw of this Mat9ape. a~d ths full ama?nt of eath ~nd er•ery svch payment ~hall be immediately dw and payabls ~nd thall bear interest (rom fM date thcreof until paid at tha raq ol nine per centum pe~ ~nnum and ro~ether with tuth interesr shall be setured by tlw IiM o~ this mort9~ye. 1. To permit, convnit or su(fer no waste, impairment p deteriwation of said p?opaty o~ a~Y Wr1 the~eof. S. To pay dl ~nd sinpulu the costs, chuyes and expenses, including a reasonable ~ttorr~ey i fee and cosb of abstracts of title. incvrred a pa~d at any time by said MORTGAGfE, because a in ~Ae event of tM failure on tM pah of ~he said MORTGAGOR to duiy, p.omptly snd fully pe~form, d~xharyR execute, efiea, complete, comply w~th and ab:da by each and every the stipulanons, agreements, cond~~ions, u+d cove~+nts a( s+~d Pra^~swry ^o~e +^d thii mwtgage any a ei~her. and sald costs, charges and expenses. each and every. sl»II be immedistety due and p~yable: whethcr p not there be r+otice dr mand, anempt to cotkct w wit pend~ng; and the full amount of esch and every such paymem shall bea~ in~erest from ~he dafe tF?ereof until paid at the ~ate of nine per centum per annum; and at1 said costs, charges and expenses incwred or paid, together with such intere~L thall be secu~ed by the lien oi 1hN . mort9sge- 6, That (a) in the event of any breach of this Mwtgsge or default on the put of the MORTGAGOR, or (b) in the eve~t any of ssid sums of moe?ey herein referred to be not promptly and fully paid within thirty (30) days next aiter the same uverally betome due and pay~bk, without demand or notite. or (c) in the evenf each and every the stipulations, agreemants, conditions and covensnts of sa:d promissory note and th~s mwtyage any a eithe+ a?e od ~uly, promptly and fully performed, d~uharged, executed, effected, completed, complied with and abided by, then in either o~ sny such event the said ag~ gregate sum mentioned in said promisswy note then remaining unpaid, with iMerest accrued, and alI moneys setured heteby, shall betome due snd pay- able fathwith, w thereafter, at the option of said MORTGAGEE, as fully and completely as it all of the said sums of mooey vrere wiginafly stipulated to be paid on such day, anythirg in w:d prom~uory note w in this Mortgage to the contrary notwithstanding; and therevpon w thereafter at the op~io~ of said MORTGAGEE, without notice or ckmand, suit at law w in equity, therefote w thereafter begun, may be proxtuted as if all moneys secured hereby had matured prwr to its irotitvtion. 7. That in the eveM that at the beginning oi w st any time pendirg ~ny suit upon this AAortgage, o? to foreclosa it, or fo reform it, a to enfwce paymeM of any tlaims hereunder, said MORTGAGEE si~all apply to the Court having jurisd~ttion thereo( fw the appointmeri? of s Receiver, such Court shall Forthwith sppoint a ~eceiver'of said mortgaged property all and s~r+gutar, includ~ng all and singular the income, profits, issues and reven~es from whatever source derived, each and every of wh~ch, it being e:pressly undentood, is F.ereby mortgaged as if speufically set fwth aod desuibed in the granting and habendum clauses hereof, a~d sucA Receiver shall have all the broad and effective funcnons and powers in ~nywise entruated by s Cou?t to a Receiver, and such appointment shali be made by such Court as an admitted equ~ty a~d a mstter of absolute right t6 said MORTGAGEE, and without refersnce to the adequacy or inadequacy of the value of the prope~ly morlgaged or ro the soNenty o~ insolvency of said MORTGACaQR ot the defendanis, artd that such renrs, p~ofits, incane, iuues and revenues shall be applied by such Receiver according to tFx lien a equity of s+id MORTGAGEE snd the practice of s~ch Courf. 8_ To du~y, promptly and fully perform, discharge, e:ecute, effect, complete, comply wi~h and abide by each and every the stipulations, agreements, co~ditwns and covenants in said promissory note and this mwtgage set forth. 9. That in the event the ownership of the mortgaged premises, or any part thereof, betomes vested in a person othtr fhan ihe MORTGACaOR, fhe MORTGAGEE, its successors and assigns, may, without notice to the MORTGAOR, deat with such successw w successor in interest with reEerence to this mortgage and the debt hereby setured in the same ma~ner as with Mortgagor without in any way vitiating or diuharging the Mortgagors' liability hera under or upon the debt hereby secured. No sale oi the premises hereby mortgaged and no forbearance on the part of the MORTGAGEE w its successors or auigns and ~extension of the time fw the payme~t of tl+e debt hereby secured given by the MORTGAGEE a its successors or sssigns, shafl operate to release, d~uharge, modify thsnge w affect the original liabi~ity of the AhORTGAGOR herein, either in whole ot in part. 10. It is specificatly agreed that time is of the essence of this contract and that r?o waivef of any ob~igatron hereunder or of fhe obligstion sr- cvred hereby shall at any time thereafter be held to be a waiver of the terms hereof w of the instrumeM secured herby. 11. In add~tion to the fwego:ng monthly paymants of princ'pal and interest required by the promissory note secured hereby, mortgagor tovenants and agrees to pay to mortgagee with each monthly payrnent an addirional sum estimated by mortgagee to be equai to 1/12 of the annual cost of the follow- ing: - , A-AU real property taxes levled or assessed against the above described real estate. j B-Premivms on fire and windstorm insurar.ce as herein requ~red to be wrried on the improveme~ts s+tuate on the above described premises. j C-Premiums on such mortgage guaronty insurance as mwtgaqee shall from time to time deem fit to wrry on the loan secured hereby. ~ Mwtgagee shall from time to time notify mortgagor in writirg of the amount due and payable hereurxler and such sum shall thereupon be due and j Fayable on the due date of the next mo~thly payment and each successive month thereaifer ur.til morfgagee shall notify mortgagor of a change in wch C amount. Such sums shall be applied by mortgagee towa:d the payment of real property taxes, ins~rance prem.ums, and mortgage guaranfy insurance ~ i premivms. IN WITNESS WHEREOf, the said MORTGAGOR has hereunto set his hand and seal the day ~~year first aforesaid. Signed, Seakd and delivered ' the prese e of: yf (P sb ene e don a~ ' ~ /1~- seaD ria ry H ndon ~an STATE OF FLORIDA I couNn oF St. Lucie ~ and Before me personaliy appeared Eugene Herndon - _ Ma ry Herndon h~ W~r~, to me well known and known to me to be rhe individuals desuibed in and who executed tF~e foregoiny instrument, and atknowledged before me that they executed the same fw ths purposes therein exP.~sed_ a,d rt,e ~~d Ma rv Herndon T' ~ . Eugene Herndon " ` wife of the ssid ~P~',s~`~~! exami~aYro~ by me taken separate and apart from her ssid husband, sdcnowledged to and before me that she executed said inst~f• ~ r'~d:;,.k~N~- ra~ity and without any compulsion, constraint, appre i~ip~, or fesr of or from her said husband. ~y';' ~ i +h A ril WITNESS my hand and official seal thi: day of ~ ' D. r • , ` ~ ~ ~ " otsry Publ'~c in and t State_~ at 1~. ~r= y Commissan expires: ? p `a-,Q;~,.~•;,;,4~,U . •~-r'•-..i1i t,H''`~ Retur~ To: 'V!,' .r -'.RY c(1~'LIC ST.ATE (!f F[QRIDA A7' L~i ~~3 1` fint Federal Savings a loan Association s,iY C~.' .:.iS:i~l!?~l EXF~f' I~:i"r2. 2, 197 ; Of Fort P~erce. • NERAL INSURAI~CE UNDERWitITERg~ Fort Pierce, Florida _ , ~ t3-~ =T.LI~iC E COUNT~V fl~• This Instrument Prepared By Richard K. Kayes ClE ~K C RCUIT C01tRT ~ First Federal Savings 8 loan Associetion ItECORO YER!f~EC of Fort Pierce~ Florida ~ 3~ Checked By~-- bC6K~ C " ~ - ~ , , - - ~~~~a _'z=--,~,... :~.~~~m.±~ .